Arch Capital Group (ACGL) Downgraded by BidaskClub

BidaskClub lowered shares of Arch Capital Group (NASDAQ:ACGL) from a hold rating to a sell rating in a research note published on Thursday morning.

A number of other research firms have also issued reports on ACGL. Wells Fargo restated a hold rating and set a $96.00 price objective on shares of Arch Capital Group in a research report on Tuesday, January 9th. ValuEngine lowered Arch Capital Group from a hold rating to a sell rating in a research report on Thursday, March 1st. Finally, Keefe, Bruyette & Woods raised Arch Capital Group from a market perform rating to an outperform rating in a research note on Thursday, March 22nd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. Arch Capital Group has an average rating of Hold and an average target price of $102.43.

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NASDAQ:ACGL opened at $80.92 on Thursday. Arch Capital Group has a 12-month low of $78.19 and a 12-month high of $102.60. The company has a market cap of $11,066.09, a P/E ratio of 25.21, a P/E/G ratio of 1.18 and a beta of 0.61. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.40.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings data on Monday, February 12th. The insurance provider reported $1.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.13 by $0.21. Arch Capital Group had a return on equity of 5.87% and a net margin of 11.21%. The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the previous year, the firm posted $1.13 EPS. The business’s revenue for the quarter was up 27.4% compared to the same quarter last year. equities analysts expect that Arch Capital Group will post 6.22 EPS for the current fiscal year.

In other Arch Capital Group news, CEO Constantine Iordanou bought 7,000 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were purchased at an average price of $23.80 per share, with a total value of $166,600.00. Following the purchase, the chief executive officer now directly owns 7,000 shares of the company’s stock, valued at $166,600. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Mark Donald Lyons sold 6,000 shares of the business’s stock in a transaction on Thursday, March 15th. The stock was sold at an average price of $84.16, for a total value of $504,960.00. The disclosure for this sale can be found here. 5.10% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of ACGL. Wells Fargo & Company MN raised its stake in shares of Arch Capital Group by 18.1% in the 4th quarter. Wells Fargo & Company MN now owns 2,847,716 shares of the insurance provider’s stock worth $258,488,000 after buying an additional 436,449 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Arch Capital Group by 141.2% in the 4th quarter. Victory Capital Management Inc. now owns 585,047 shares of the insurance provider’s stock worth $53,105,000 after buying an additional 342,497 shares in the last quarter. Partners Capital Investment Group LLP bought a new stake in shares of Arch Capital Group in the 4th quarter worth $27,245,000. Investec Asset Management LTD bought a new stake in shares of Arch Capital Group in the 4th quarter worth $23,000,000. Finally, Amundi Pioneer Asset Management Inc. bought a new stake in shares of Arch Capital Group in the 4th quarter worth $17,462,000. 77.95% of the stock is currently owned by institutional investors.

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About Arch Capital Group

Arch Capital Group Ltd., together with its subsidiaries, provides property, casualty, and mortgage insurance and reinsurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; collateral protection, debt cancellation, and service contract reimbursement products; directors' and officers' liability, errors and omissions liability, employment practices and fiduciary liability, crime, professional indemnity, and other financial related coverages; medical professional and general liability insurance coverages; and workers' compensation and umbrella liability, as well as commercial automobile and inland marine products.

Analyst Recommendations for Arch Capital Group (NASDAQ:ACGL)

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